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Moniepoint Expands into Kenya Via Major Acquisition.
Moniepoint has taken a bold step into East Africa by acquiring a 78% controlling stake in Sumac Microfinance Bank in Kenya — marking one of the most decisive moves yet by a Nigerian fintech into a neighbouring financial market. Moniepoint’s acquisition of Sumac (also referred to as Sumac Microfinance Bank in recent industry reports) is…
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Nigeria’s fintech growth finds strength in evolving regulation
Over the past decade, the Central Bank of Nigeria (CBN) and other regulators have introduced a series of policies aimed at structuring the fast-growing digital finance ecosystem. Licensing frameworks for payment service banks, microfinance banks, and switching companies have created clearer pathways for startups to scale legally and responsibly. While these rules initially slowed some…
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Lagos Ride‑Hailing Drivers Threaten to Abandon Uber, Bolt, and inDrive Amid Strike.
Uber, Bolt, and inDrive are facing rising unrest from their driver partners in Lagos, as a coordinated strike entered its third day with no official response from the platforms. Drivers under the Amalgamated Union of App‑Based Transporters of Nigeria (AUATON) have not only protested low earnings and high operating costs, but have now threatened to…
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“Wikipedia Blocks AI Content Creation to Protect Knowledge Integrity”.
Wikipedia, the world’s largest online encyclopedia, has officially banned the use of AI tools to generate or rewrite articles on its platform. The decision, announced in March 2026, comes after months of debate among editors about the risks of AI-generated content spreading errors, bias, or unverifiable information. The cause is simple: AI is fast, but…
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Bootstrapping: How African Founders Can Build Startups Without Investors.
Not every startup needs venture capital. In fact, some of the most successful African tech businesses started with nothing but personal savings, sweat, and determination. This is called bootstrapping — funding your startup from your own money or early revenue, without relying on outside investors. Bootstrapping forces founders to think lean, focus on essentials, and…
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Zambia Shuts Down Four Radio Stations Over Aviation Signal Interference.
Zambia’s ICT regulator, Zambia Information and Communications Technology Authority, has ordered the shutdown of four radio stations in the Copperbelt Province. The reason? Their signals were interfering with aircraft communication, a serious safety concern. ZICTA confirmed the stations weren’t following their licensed frequency limits, causing “out-of-band” emissions that could disrupt aviation operations. Simply put, the…